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Author Topic: How much bitcoin do you need now to be a millionaire?  (Read 2922 times)
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August 09, 2017, 10:11:45 PM
 #1

Bitcoin now is over 3000 usd.  How much bitcoin would you say you need now to be a millionaire in the future?  I heard there is an expert that said bitcoin will hit 100k but this would take a very long time.  This is the guy that predicted bitcoin would hit 2k etc when very few ppl thought about this.


If bitcoin hits 100k a coin, you would need 10 bitcoin.  And of course, most people do not have 10 bitcoin or anywhere close to that amount unless they got bitcoin when it was very cheap... or of course they have a lot of money to invest.


To those of you with say 5 bitcoin, do you think its possible?  What about those with say 10 bitcoin?  I assume those people who got bitcoin earlier and got like 100 bitcoin probably feel very good about being a millionaire?  I don't think it would be possible to be a millionaire now with bitcoin if you are buying bitcoin now unless you have alot of money. 


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August 09, 2017, 10:35:52 PM
 #2

Being a millionaire is a relative statement,depending the country you decide, except you mean being a millonaire in USD, As for me I need about 2 BTC to become a millonaire,I have commence the  journey, hope to be there soon, ready to invest,work and earn BTC to become a multi millonaire.
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August 09, 2017, 10:42:03 PM
 #3

Maybe 100btc is enough to live a happy life here in my country,with that amount of money i can go whatever i want,eat whatever i like buy everything that will make my family cause they are the reason why im doing it. I dont have any plan for myself its them why im working so very hard.

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August 09, 2017, 10:46:25 PM
 #4

Bitcoin now is over 3000 usd.  How much bitcoin would you say you need now to be a millionaire in the future?  I heard there is an expert that said bitcoin will hit 100k but this would take a very long time.  This is the guy that predicted bitcoin would hit 2k etc when very few ppl thought about this.


If bitcoin hits 100k a coin, you would need 10 bitcoin.  And of course, most people do not have 10 bitcoin or anywhere close to that amount unless they got bitcoin when it was very cheap... or of course they have a lot of money to invest.


To those of you with say 5 bitcoin, do you think its possible?  What about those with say 10 bitcoin?  I assume those people who got bitcoin earlier and got like 100 bitcoin probably feel very good about being a millionaire?  I don't think it would be possible to be a millionaire now with bitcoin if you are buying bitcoin now unless you have alot of money. 

I believe in the 21 BTC statistic. If you own 21 BTC, you are part of a group of less than 1 million people on the entire planet. This is a very descriptive stat. I mean if Bitcoin is to become a digital gold of sorts, we are looking at $100,000 within 10 years realistically.

I wouldn't aim for any less than 21 BTC, even if 10 would be enough, you want more than that, 21 is a good psychological goal to stay motivated, don't set small goals, aim for more to work harder.
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August 09, 2017, 10:54:48 PM
Last edit: August 09, 2017, 11:27:56 PM by gentlemand
 #5

If Bitcoin can survive its governance problems, forkmania, get some decent exchanges and something ETF esque I think $20,000 is achievable by the early 2020s. So 50 gets my vote. That's not remotely achievable for most here now.

Of course if you and Bitcoin stick around long enough you'll end up being a millionaire simply thanks to inflation with one or less.
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August 09, 2017, 11:10:44 PM
 #6

If bitcoin hits 100k a coin, you would need 10 bitcoin.  And of course, most people do not have 10 bitcoin or anywhere close to that amount unless they got bitcoin when it was very cheap... or of course they have a lot of money to invest. 

I think quite a few people would have 10+ bitcoin, especially those who have been in Bitcoin for a few years now. It is not impossible to get 10 BTC, if one accumulates bitcoins over a period of time. I think people with 50+ btc have a good chance of becoming crypto-millionaires.


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August 09, 2017, 11:27:07 PM
 #7

For me 1 btc is enough, but to get 1 btc seems very difficult for me, because if without the initial capital it will not run, mining and trading it need capital. If you expect the tap it is a waste of time. Investment also needs capital, if I have the capital I want to do is invest, mining and trading so I can reach 1 btc.
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August 09, 2017, 11:38:58 PM
 #8

I think 5 or 10 bitcoin is pretty much but I think it's still less to be a millionaire maybe you should have 30 bitcoin or more. I think a millionaire is a person who not only has a lot of money but makes a lot of money.

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August 09, 2017, 11:49:14 PM
 #9

Bitcoin now is over 3000 usd.  How much bitcoin would you say you need now to be a millionaire in the future?  I heard there is an expert that said bitcoin will hit 100k but this would take a very long time.  This is the guy that predicted bitcoin would hit 2k etc when very few ppl thought about this.


If bitcoin hits 100k a coin, you would need 10 bitcoin.  And of course, most people do not have 10 bitcoin or anywhere close to that amount unless they got bitcoin when it was very cheap... or of course they have a lot of money to invest.


To those of you with say 5 bitcoin, do you think its possible?  What about those with say 10 bitcoin?  I assume those people who got bitcoin earlier and got like 100 bitcoin probably feel very good about being a millionaire?  I don't think it would be possible to be a millionaire now with bitcoin if you are buying bitcoin now unless you have alot of money. 
Here it seems that you arr not in contact with those types of the person who are millionaires already in this field because you conversation is limited to have 5 to 10 bitcoin .
Here i my self have 6 btc without any much hard work anr made witg my smart work only .
And i think it is still the better time for those who want make earnings innthe future with increasing price ( Hitting 10k$/btc at the last of 2020), but after the increase in the price to 10k$ thennafter this make buy of 1 btc will be impossible for a common man because if any person will buy this amount of big money then surely he needed lots of money , so he will be already big earner of money already in his life .Well here my suggestion to those who are not rich to have bitcoin in the his wallet because in the future they can't buy because of high price .
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August 09, 2017, 11:56:26 PM
 #10

It varies all the time. Maybe a few thousands, a few hounded. We could all be million of we kept our bitcoins we had some years ago... In my dreams

who cares
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August 10, 2017, 12:00:07 AM
 #11

being a millionaire is not easy , you will need to have 20 bitcoins , and we all know that its hard as freak to have a single bitcoin right? so the question is , how long will it be for us to be a millionaire?
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August 10, 2017, 12:14:43 AM
 #12

Such an easy quetion! Just compute the value of Bitcoin and divide it to a million to get how much of it you need to be a millionaire. Since the value of Bitcoin is fluctuating, you need to update it everytime the value changes for you to get the exact amount you need.
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August 10, 2017, 12:19:54 AM
 #13

Bitcoin now is over 3000 usd.  How much bitcoin would you say you need now to be a millionaire in the future?  I heard there is an expert that said bitcoin will hit 100k but this would take a very long time.  This is the guy that predicted bitcoin would hit 2k etc when very few ppl thought about this.


If bitcoin hits 100k a coin, you would need 10 bitcoin.  And of course, most people do not have 10 bitcoin or anywhere close to that amount unless they got bitcoin when it was very cheap... or of course they have a lot of money to invest.


To those of you with say 5 bitcoin, do you think its possible?  What about those with say 10 bitcoin?  I assume those people who got bitcoin earlier and got like 100 bitcoin probably feel very good about being a millionaire?  I don't think it would be possible to be a millionaire now with bitcoin if you are buying bitcoin now unless you have alot of money. 

It's hard to say how high the price of bitcoin could get. I could see the price go to $25,000 in 10 years or so. It also depends on how long of an investment you are making because the longer you hold, the higher the price. The main thing is go ahead and buy before the price goes up that high.

 
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ladydark
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August 10, 2017, 12:51:39 AM
 #14

Bitcoin now is over 3000 usd.  How much bitcoin would you say you need now to be a millionaire in the future?  I heard there is an expert that said bitcoin will hit 100k but this would take a very long time.  This is the guy that predicted bitcoin would hit 2k etc when very few ppl thought about this.


If bitcoin hits 100k a coin, you would need 10 bitcoin.  And of course, most people do not have 10 bitcoin or anywhere close to that amount unless they got bitcoin when it was very cheap... or of course they have a lot of money to invest.


To those of you with say 5 bitcoin, do you think its possible?  What about those with say 10 bitcoin?  I assume those people who got bitcoin earlier and got like 100 bitcoin probably feel very good about being a millionaire?  I don't think it would be possible to be a millionaire now with bitcoin if you are buying bitcoin now unless you have alot of money. 
Many people are already crazy to join the 21 BTC club.I too have an ambition o joining that cub,I think holding 21 BTC is enough to enjoy a happy retired life.My friend who introduced me bitcoin already has 20 BTC,just one more bitcoin for him to join that club.

Beerwizzard
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August 10, 2017, 01:02:01 AM
 #15

Why do you think that people wouldn't have 10 bitcoins? Ofcourse most of the users do nos own such amount but if you are realy belive in future of BTC you can accumulate it just by buying bitcoins for a part of your savings. For some years getting 10 bc is real.
Easteregg69
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August 10, 2017, 01:03:18 AM
 #16

You need more beers. Bitcoins is one thing.

(Call me stalker one more time..)

Throw some "shit" and see what sticks.
Easteregg69
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August 10, 2017, 01:05:56 AM
 #17

You need more beers. Bitcoins is one thing.

(Call me stalker one more time..)

10 bitcoins. at today's price. are you crazy. we are 6 billion people! Please share your beer before i piss in it.

PS: Reserved for you:

"You Think I'm Funny?"
https://www.youtube.com/watch?v=0d2LAs-WL_4

Throw some "shit" and see what sticks.
oom
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August 10, 2017, 01:09:26 AM
 #18

Bitcoin now is over 3000 usd.  How much bitcoin would you say you need now to be a millionaire in the future?  I heard there is an expert that said bitcoin will hit 100k but this would take a very long time.  This is the guy that predicted bitcoin would hit 2k etc when very few ppl thought about this.


If bitcoin hits 100k a coin, you would need 10 bitcoin.  And of course, most people do not have 10 bitcoin or anywhere close to that amount unless they got bitcoin when it was very cheap... or of course they have a lot of money to invest.


To those of you with say 5 bitcoin, do you think its possible?  What about those with say 10 bitcoin?  I assume those people who got bitcoin earlier and got like 100 bitcoin probably feel very good about being a millionaire?  I don't think it would be possible to be a millionaire now with bitcoin if you are buying bitcoin now unless you have alot of money. 

I'm not greedy, 10 bitcoin I think enough to make me richest person in my town. Smiley

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carlisle1
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August 10, 2017, 01:14:35 AM
 #19

i might say that 10-20 btc can make you a millionaire already inside where I live, as we are inside third world country and owning this amount already can
give us a better future, though we do have a lots of speculation about btc the thing is we are believing that the value will still grow.
Easteregg69
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August 10, 2017, 01:16:57 AM
 #20

i might say that 10-20 btc can make you a millionaire already inside where I live, as we are inside third world country and owning this amount already can
give us a better future, though we do have a lots of speculation about btc the thing is we are believing that the value will still grow.

Yes you got an attitude and I do not like it. Anyways. I keept. 0.07 .BTC for myself. Just in case I wan't to ruin the day!

Anyways. I'm waiting for my sells and then i will invest in your idea if i can find it.

Today it's about riffles:
Lock n' Load with R. Lee Ermey - 11 Rifle
https://www.youtube.com/watch?v=7b0-d7v_jbA

PS: And after that came the holy hand grenade:
Monty Python-Holy Hand Grenade
https://www.youtube.com/watch?v=xOrgLj9lOwk

Throw some "shit" and see what sticks.
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